There's plenty of these guys coming out of the woodwork at the moment, a bit like Marc Faber who has been calling a major downturn for more than ten years, and in the lengthy process, causing his true believers to miss the boat entirely.
However .. # Oil will more than double in the next few years so if you do buy a car, make it a fuel efficient one.""
Is probably a good call because nature is not making oil anymore. In this, he does have a point. Especially in light of the fact that China, and India have hundreds of millions of new car owners entering the demand equation, wanting ever more oil. - Our oil
Quite apart from the fact that China now has a ten year process ahead of it to fill its own recently completed "strategic oil reserve"
It is foolish for anyone to think the price of oil will abate to that of the good old days. Though some do, which is probably a pre occupation with charts to divine the future.
NDO Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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